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CNBC 45
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English 45
Search Results 0 to 44 of about 45 (some duplicates have been removed)
CNBC
Feb 17, 2013 7:30pm EST
. the energy boom is helpful. the housing market has bottomed out and beginning to pick up. balance sheets, consumer balance sheets, business balance sheets are doing well and exports are doing well. which is a key area of interest for me. >> how do we take that the next step further? is it exports? is that how you do it? open trade? >> i think there are -- all of these elements are important. from my point of view, the state department, exports are very important to the whole economy and to jobs because 95% of the world's consumers live outside the united states, so we're trying to promote american exports by promoting american companies, ensure there are fair trading rules in the global system so it's not distorted by state subsidies or state enterprises. we're also making a major effort through the partnership trade negotiations and now the president announced negotiations with europe. that can open up new markets and provide new opportunities for american companies, and we're trying to attract foreign investment in the united states, which does create a lot of jobs here. >> let me ask
CNBC
Feb 12, 2013 9:00pm EST
and is expected to discuss investment in infrastructure and clean energy, all ostensibly without increasing the nation's deficit. beginning the republican response tonight as well from marco rubio. john, a lot of discussion tonight about the tone. the dow is at a fresh five-year high but a couple of wild cards in the form of north korea, foreign policy, a standoff in california tonight, the gun debate. >> the gun debate is one that's thrust itself into the nation's attention span, and the president's agenda, and this is going to only encourage that, but really the tone everybody is looking for is his tone vis-a-vis republicans. the inaugural, he had his elbows out a little bit. he was very newly confident just coming off that re-election. people will be watching to see how aggressive and confrontational he will be with them on the deficit, on the investment proposals he's going to make tonight which are modest but, nonetheless, are there. and on immigration, which is one way republicans are coming his way. >> larry kudlow, tonight you talked about the line between being assertive and confid
CNBC
Feb 11, 2013 7:00pm EST
jobs and the economy. really? but will there be anything new? or just more green energy and higher taxes? we've heard that stuff before, but let's go to our panel. here's robert wolfe host of impact players on reuters tv. cnbc contributor bob lutz. former gm vice chair and author of car guys versus bean counters. and michael steele former republican national committee chairman. welcome, gentlemen. bob lutz, let me go to you. what do you want to hear from the president tomorrow night? >> well, i'd like to hear a genuine jobs creation scheme, a reduction or certainly a mitigation of a lot of current regulations. and less emphasis on green energy schemes. i was very somewhat frightened by the inaugural address citing global warming as the -- co2 reduction as the number one priority. that sounds to me like more green energy schemes and a deemphasis on something like exploiting the nation's plentiful shale gas reserves which if properly exploited could make us hugely competitive as a manufacturer. but i'm afraid all that's going to be on the back burner because according to the inaugura
CNBC
Feb 13, 2013 7:00pm EST
, climate change, green energy. here's my take. if it was going to work all this throwing more, it's going to work to throw the economy up, it would have already worked. it's more of the same from mr. obama but these government planning efforts have never worked. we have a subpar 2% growth company and they're planning and spending and directing will never work. me? i was just hoping for some real economic growth measures, as i said, like a corporate tax reform. what's wrong with that? keystone pipeline, more limited rnme but it was not to be, at least not last evening. let's talk to our guests. we got a full house tonight. joining me tonight is austen golsby and we're delighted to have kelly ann conway and forbes's magazine executive editor. this is the best economic growth message of the last 24 hours and it came from senator marco rubio. >> presidents in both parties from john frj. kennedy to ronal reagan have known a free enterprise economy is the source of our middle class prosperity. >> i want to start with that. no planning, no government direction, no subsidies, no collective action
CNBC
Feb 13, 2013 3:00pm EST
of america wishes they could do that. it's going to be great. i'll tell you something. energy costs will it be to go down. we'll become energy self-sufficient and you watch what happens to the cost of manufacturing. i'm going to bet you our manufacturing does well because -- not because our dollar is going to weaken because we'll actually have less expenses going out to energy and that will make us competitive. >> but unless the next energy czar the president appoints like the past one thinks maybe put a tax on gas to get it to $10 so the motor mounds for the windmills on chevys works a whole lot better. >> rick, you can bring your blood pressure down. he won't have to do it. we'll have enough cheap energy that we're going to be okay with. >> that really probably the single sort of biggest conversation amongst leaders in davos, that for the u.s., probably the biggest opportunity for actual moving the needle in terms of energy is shale. >> but, maria -- >> that's true. >> dramatic globalismcations in terms of the u.s. current account deficit. if you think about the money we ship now
CNBC
Feb 11, 2013 5:00pm EST
. energy independence. and, when it comes to oil, the focus is on north america, not the middle east. and gold breakdown. dennis gartman on why gold continues to lose its luster. but first, got to get to our top trade here, because the s&p 500 is hovers at 1500 yet again, our traders have found ways to play this rally. guy? >> hi, mel. >> valentine's week, just so you know. waiting for my gift. you laugh. valuation is crazy, 21 times forward earnings. you go back to the last quarter, operating margins, much better than expected. i know valuations are stretched. wig short interest here. still goes higher. >> is that connected to valentine's day week? >> no. nothing to do with it. >> not taking your wife to dunkin' donuts? >> just making sure mel knows, i'm waiting for my gift on thursday and that's putting it out there. >> wow. >> keep on a-waiting. pete? >> medical equipment. look at medtronic. they continue to hit 52-week high. had option activity last week. more followup activity today. before their earnings next week, a week from tomorrow, we're going to see a big number out of th
CNBC
Feb 12, 2013 3:00pm EST
on having to deal with deflation down the road so interest rates are low. the situation in energy which is not only going to drive manufacturing in this country and ultimately will lead to jobs in this country. the turnaround in housing. we have had a lot of problems, and we haven't chewed through all of them. haven't even throughed through all or part of them, but which eve chewed through a lot of them and nobody sounds a gun or blows a whistle when things have gotten better. sentiment is lagging and still slow, but i think the market as a whole, no one individual with the market as a whole is looking ahead and said with these advantages i think, you know, we could be on the threshold of a bull market. look what happened in the early '80s. that was a period, a period of very, very poor sentiment for a very long time. no one would have forecast a 20-year bull market cycle, and i can't even do that now, but i could tell you the fact that the sentiment is negative will have no bearing on what happens. >> what about europe? how concerned are you about europe, that it's going to rear its ug
CNBC
Feb 15, 2013 7:00pm EST
exploiting the north american energy boom. and i think the keystone -- >> you know, when he says manufacturing, katie, he's thinking about solar, windmills -- >> oh, no way, larry. >> he's thinking about battery companies that we subsidize -- >> 1% of the energy portfolio. >> his view of manufacturing is much different than my view of manufacturing. is it different than your view of manufacturing? >> it is. and i think if you look at the president that we saw during the last bits of the campaign when he started to sound like a texas republican when it came to drilling and expanding our energy independence it's quite at odds of where he is today, sort of caught between his two lovers, on the one side we have the environmentalists and on the other we have labor. i ultimately think he's going to move forward with it. i hope he does. we need the jobs. the unions are pretty clear that this country needs those jobs. and frankly we need to move in the direction of more energy independence, larry. >> how about this? this is a little machiavellian, which is why i love it. it's very cynica
CNBC
Feb 13, 2013 6:00am EST
stories. an through and. >> thank you. that is a huge story. >>> in other news, the international energy agency is now cautioning expectations that higher oil demand growth this year could be overly optimistic. the watchdog group is warning that recent signs of the recovery could be the result of one off factors and not a sustained trend of improvement. so the iea is cutting its oil demand growth forecast for the coming year by a marginal 90,000 barrels a day. also in the news, j cpenney increasing borrowing capacity under a bank credit facility by $ 00 million. up now to -- $100 million. now to $1.9 billion. the retailer expanding an option to buy more at a later date. the news said to be raising concerns among analysts as the retailer works on that turnaround. >>> and conditions on a disabled carnival cruise ship in the gulf of mexico, they're in dispute. the company says it's making passenger -- passengers stranded aboard as comfortable as possible with running water, working bathrooms. this contradicts accounts of some passengers who told relatives about filthy, hot conditions, and l
CNBC
Feb 12, 2013 9:00am EST
in infrastructure, investing in energy, all of those are ways to make our economy stronger. that will be the central focus of the president's remarks this evening. >> texas republican congressman randy newbauer joins us on capitol hill. good morning. >> good morning, how are you, carl? >> good. a lot of discussion today whether this will be an echo of some called the cockiness, the confrontation of the inaugural. is that what you're looking for today? >> i think so. i think what the president laid out in his inaugural address is more taxes, more spending and more government. i feel like we're just going to get the details of that tonight. >> there's been a lot of discussion about how you go about with a big agenda. some say it's his last chance to go big. when you still have so many economic anxieties at work. do you think tonight's speech will be about jobs and middle class, or will it bleed into guns and immigration? >> i think it will be a little of both. i think what the president owes the american people is an explanation of why he wants to continue down a road where it's not working, we still
CNBC
Feb 12, 2013 7:00pm EST
increasing taxes and that is not going to take care of this pro growth tax reform. using energy resources. those are the types of proposals that he needs to make. that is what creates a lot of revenue. that would reduce our deficits but that is not the change of the course unfortunately. >> might obama surprise us tonight? larry summers wrote about this. might he surprise us and be more pro growth? >> he is. he has to have a strong middle class. the middle class has been under attack. and i think what you are boeing to see this president is going to want to put middle class people to work. we want to help the middle class but we have had the obama formula. we have had the spending and the temporary tax rebates and we haven't had the growth. where is the goods on this where is the beef on this? >> when we have had what we had in 2008, i think we did pretty well from that. it is true. in order to build this country. you have to have a strong middle class. the top 1% makes 225 times as much as the bottom. i don't think we ought to raise taxes but we need to make sure the middle chas gclass g
CNBC
Feb 11, 2013 6:00am EST
health. he does not have the strength or the energy to go forward. now, he will be stepping down on the 28th of february. that is the official day. and really, again, it came as much of a surprise. he did become pope in april of 200 5 after john paul ii passed away. and has been affected by a weak health, but apparently what happened is that he became more unhealthy in the last month because of a degenerative problem in his bones which makes moving around very, very difficult. but he was last seen on the 8th of february and on sunday did once again do his mass vatican. so things appeared quite normal up until ten minutes of 12:00 today when he did announce that he can no longer move forward in his position. >> thank you so much, claudia. i saw the pope speak live in cuba and i gave him a lot of credit. he was staring at raul castro in the front row. and i thought it was very brave to talk about democracy and freedom in a place that so desperately needs it. he's never loved as much as -- i always refer to him as want pablo -- it's a tough act to follow. >> the papacy, according to
CNBC
Feb 14, 2013 12:00pm EST
. you're right, they have had a big run. we expect some consolidation along the way. joe? >> energy is leading the market higher and really been a sector that a lot of the investment banking community at the beginning of the year did not focus on. do you believe this further appreciation is warranted and is it indicative of the overall sentiment of the market? >> you have to look at commodities and basically try to get a sense of is there a commodities cycle in the up or down cycle. for this year they might see strength going back to china. if china picks up steam some commodities for instance like oil will do well which will benefit the energy space. >> if you like financials i'm going to guess you really don't like treasuries. >> correct. >> in order for the banks to do well the net products have to do well and for cyclicals to do well the economy has to improve. where do you see the ten-year going? right now it's just over 2%. >> right now it's tough to answer that but if you look for the next year or two years, the treasury yield to be up higher. inflation now is at 2%, the ten-
CNBC
Feb 14, 2013 5:00pm EST
like industrials, tech, energy, i think energy could do something pretty interesting this year because it's kind of a global cyclical play. the sectors i would avoid are expensive bond proxies, namely utilities and telecom. i think they have run up, it's all about a search for high yield and i think we're kind of at the end of that ride. >> thanks for joining us. bank of america, merrill lynch. grasso, bullish? >> here's the problem, exactly what she said. a slow grind higher, because everyone feels as if we're going to get that saelloff and no one is all in. and we might get them all in right around the all-time highs. >> and you're hoping she is wrong. because you're short -- you're ultra short. >> ultra short. i think that stuff is completely mental. everybody i listen to, see, anywhere, read, is bullish to all ends and the market is stuck at 1500, 1520. we went through this chart last week on the show. every time in the last 15 years, the s&p has gotten a 1600, it's been massively rejected and had a 30 or 40% drawdown. i don't think putting new money to work makes sense. >> got to
CNBC
Feb 14, 2013 7:00pm EST
force, energy. those are the issues that really drive us. we want manufacturers in the united states but as long as we have the policies that we have in washington right now, they're not goung vest here. in fact, two-thirds of the manufacturers say that the climate in washington is such that they do not want continue to vest. >> i get that. jay timmons, thank you for being here. diana roth, jim pet koukis, what do you think of this? >> president obama doesn't count oil as manufacturing. he picks and chooses between good manufacturing and bad manufactures. >> am i wrong to ask the request about what constitutes manufacturing? i don't understand that. what's manufacturing? >> i don't think it's an unfair question. i think the larger story is why we're picking any one particular industry over another. at the end of the day, you want jobs to be created where they're going to be created and you doesn't want anybody picking that particular industry. i don't know why manufacturing is better than toy building or home building or anything else. >> it's picking winners and losers, isn't it? th
CNBC
Feb 15, 2013 1:00pm EST
% today. how about energy stocks. the energy sector held up very, very well so far this year. we are near highs on most of these. today with the strong dollar, oil down and all of the big guys, apache and exploration production stocks and drillers like trans ocean and weather ford all on the down side. we did get a reversal yesterday with the airlines for a first time if a long time. all back up again today and we have regained losses we had yesterday. >> never behind, right? >> sort of just was a momentary blip here and people were thinking that now with all of the consolidation essentially over, allow the cost savings to realize how much more we are left in the airlines and dramatically raise the prices. >> two engines for the u.s. equity markets, lately. you're why as it went higher, so did our stock market and energy. >> both were going lower now and that served to stall our rally here. >> we have been stalled for a week and it has been churning and churning. unable it pierce the upper limit 55. every time we have the s & p, the market backs off. i'm not surprised with the market bein
CNBC
Feb 13, 2013 9:00am EST
much he focused on clean energy and on creating an energy security trust, using revenues from oil and gas industry to kind of get cars and trucks in the u.s. off of oil for good. and talked about cutting the red tape on gas and oil permits. that will have a longer term impact on prices, but today traders are buzzing about what happened overnight. the report from the american petroleum institute showed a decline in u.s. crude supplies. that's one factor supporting u.s. oil prices. add to that the international energy administration saying that opec production was actually at the lowest level in a year last month. so even if demand starts to come back, they did lower their forecast overall for global demand. if it starts to come back, that could be an issue with spare capacity. we'll find out a lot more about what's happening with the u.s. oil supply picture at 10:30 a.m. we'll get the report from the energy department. >> when we come back, republican congresswoman marsha blackburn of tennessee voted no on the fiscal cliff bill. how does she feel about the automatic spending cuts t
CNBC
Feb 12, 2013 6:00am EST
's going to focus on mice. not the rodent. it's an acronym for manufacturing, infrastructure, clean energy and education. those are the four topics i think you're going to hear. >> there are republicans around the country rolling your eyes as you're saying this. >> yes. i understand that. i think part of the president's job tonight is to explain how he's going to bring republicans along, but remember, he's talking over the republicans to the american people -- >> what happened to the middle? >> let me just say, the complaint -- i think the complaint against the president and the congress in general has not that they're not talking to what americans care most about right now which is the economy ask jobs. and that's true. the budget deficit -- >> he was talking about 18 and 19. >> i'm just saying that -- >> global warming and what was the other thing? >> there's immigration, there's guns. >> like 18, 19 and 20. >> exactly. you're going to hear a little bit about those. but it is time. i believe the white house believes it's time to talk over washington and to the american people about the e
CNBC
Feb 11, 2013 12:00pm EST
. raising the dividend and the holding company of icahn investments, up 68%. like energy. any of you guys want to take on carl. proof activism works when you have permanent capital in place. cvr, 2 billion, netflix, a quit $800 million, raise your hand, we can call carl. nobody? >> the guy's a winner on these? this is this is investment game. he's actually made it work. probably the best way to do is buy his stock. the problem you have with carl if you follow him into a stock after he's announced he's been into it, he can dump it and you won't know it. you're much better off following him iep and following the others. >> he's kill it with cep annette flicks. >> activism as public as ever with what they're calling for apple to do. good for the markets or bad? >> i think it's terrific for the markets. like being in 30 foot surf, would you rather be with a professional who knows where to be, how to get over the wave and how to take care of yourself if you can't or a bunch of amateurs. carl is one of the best. doesn't do things frivolously, understands what transparency and governance is. wor
CNBC
Feb 11, 2013 6:00pm EST
can be a health, only one can be an energy or a food and beverage, but what if you're not sure? i need you to err on the side of caution. we've played this game so many eyears a lot of people were not sure. if two stocks trade together, if they succeed or fail based on the same failure, then you're not diverse philadelphia. take a look at their stock trading history. go -- the graphs are everywhere these days. are they in tandem? pick one, drop another. if the oil producer is the same sector. and i'm not doing this to be arbitrary and capricious or make it more difficult to invest. these aren't big technicalities people. when you get too concentrated in one area, then the moment something bad happens you'll want the throw yourself off the bridge. the losses will be -- enormous. imagine if you own too many health care stocks right before they got whacked by congress. how about banks in the financial regulatory reform that congress produced in response to the crisis? and this soured too many people, too many tech stocks going to the dotcom bust or perhaps you own many stocks you don't th
CNBC
Feb 14, 2013 3:00pm EST
there to see much more policy. >> what's your take on sort of the positives? we've talked about energy and the potential for energy, exploration in this country. it seems like shale is increasingly being seen as one of the most important developments in the united states? >> absolutely. the story, just think about this. again, about a year ago, certainly in the aftermath of the 2008-2009 crisis we've seen u.s. gdp 1.5 and 2%. this is not the story we're seeing in europe. the u.s. story, the interesting story around the housing rebound. no seller is not constructive or positive about it, but there's something going on here that feels like there's momentum and obviously looking at the m & a story, three big-time transactions in the market. i think it's turning around. >> so do you feel that europe is on the right track though? >> i think there's a lot of scope for policy intervention, and i'm pretty optimistic that they are at a point where they will be more active. >> do you see bumps along the road? >> absolutely. i think the big ones are repayments, repayments scheduled, the election
CNBC
Feb 15, 2013 4:00pm EST
energy prices, tougher comps compared to last year and tax refund checks are late this year. that's a major issue for a digs counter like walmart. retailers, kohl's dropped, target dropped and there's rumors that there might be interest in gap but the company doesn't comment on rumors or speculation and the higher dollar put pressure on commodities all day. the big story. energy stocks have had a great year, but the bottom line is they have all had a weak day today. finally take a look at the month, february. s&p 500 up 1.4%. maria, look at the rest of the world, all to the downside. we're outperforming everybody else. >> there you go. it looks like it's the best game in town. bob, you said something a minute ago. i want you to tell me when. when do people get the tax checks had. >> they are delayed because the irs would normally be senning out by the middle of january a large number of checks. they have been delayed several weeks because of the problems with -- with dealing with the fiscal cliff issues. >> thanks, bob. we'll see you a little later. after the break, some fishy tra
CNBC
Feb 13, 2013 4:00am EST
-- growth, stability, jobs, energy, financial markets. one of the key issues that's been discussed here, one of the so-called sherpa meetings ahead of the official meeting friday and saturday is about finance, it where are the financial flows and key for finance for infrastructure especially in areas such as asia, as well, which of course is part of the emerging powers. the other g-13 so to speak. with that in mind, imf senior economist for asia pacific joins us. i know you're not here to talk go-20 specifically or currency wars. i'll put that on the table. you are here to talk about infrastructure flows which is absolutely key to a lot of emerging economies in asia, as well. what's the message that you're hearing? what's the message you're giving? >> i think there's an issue in a lot of countries that there are large infrastructure gaps. we see it in advanced economies and in emerging markets of the there's an issue of where funds are going to come from to address gaps. they're questions related to how the funds will be sourced and how they will be intermediated into infrastructure flows an
CNBC
Feb 16, 2013 6:00am EST
his or her energy and thoughts on this being the greatest day for them as well. so i just want you to consider weddings are weddings, that you don't have to get caught up in this magnificent wedding. can you just get caught up in the magnificent idea that both of you can compromise and that both of you can come together and so when both of you say "i do," that hopefully you never get to the point of where you're saying i wish i hadn't. now you know. so until next week, there's really only one thing that i want you to remember when it comes to your money and that's people first, then money, then things. k.t., i love you so very, very much. you are my one and only valentine. now, all of you stay safe. >>> this is "options action." tonight, retail wreck. walmart posts its worst month in seven years. so is costco next? dan has a trade to make you a lot of money. plus, metal melt down. some say 1500 is the next step. and breathing life into the billionaire brawl continues with carl icahn firing the latest shot. >> the fact that i don't like ackman is the strawberry on top of the ice cre
CNBC
Feb 11, 2013 9:00am EST
the latest moves in energy and metals, too. sharon epperson at the nymex. >> good morning, carl. gold has not been such a great trade. we're seeing gold prices at a five-week low right now. a lot of technical selling going on, prices below 1650 an ounce. the selling we're seeing the lowest in the average. the volume is then with the lunar new year in asia. and that holiday also creating a lot of lack of liquidity in the marketplace. we're looking as well at the g-7 and what they're going to say about currency devaluations. that is something that is worrisome to traders. overall we've seen the rotation out of gold and into equities. it seems as ubs points out, that a lot of traders don't want to be in this safe haven of gold, they want to be in riskier equities. that's the indication we've been seeing for the last several weeks. we're also watching what's happening in the energy space. a pullback after hitting the yearly highs for brent crude and for refined fuels on friday. the pullback that we're seeing, though, in brent, really not that severe as traders are saying, technically it's sti
CNBC
Feb 12, 2013 4:00am EST
agenda is expected to include more money for education, clean energy, manufacturing jobs and infrastructure. some ideas will be repackaged from his first term. the white house says there will also be new ones. we'll have special coverage of the state of the union address tonight at 9:00 p.m. and 11:00 p.m. eastern. >> and michelle obama will have a special guest in his box, the apple ceo tim cook. it's the second year an invitation has been extended to apple. last year, steve jobs' widow was invited. >>> and democrats plan to unveil a series of targets on tax increases on top earnings this week. that would replace the automatic cuts set to take effect on march 1st. aides say the tax dut would allow for a ten-month delay to that sequester. the plan is likely to be introduced on thursday, but the proposals are expected to be rejected by republican leaders. >>> president obama may sign a protective order aimed as decreasing number of cyber attacks on wednesday. the order would give the department of homeland security the lead role in sharing cyber threats with private indust
CNBC
Feb 13, 2013 1:00pm EST
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CNBC
Feb 14, 2013 6:00am EST
more years at a trillion dollars a year. >> i'm more hopeful you'll get an energy policy that will drive oil and gas, that will do research on renewables. i don't want venture capital on renewables but i want research on renewables. i want to drive fracking on public as well as private land. we haven't touched public lands. i want to be an exporter, sorry -- >> we talked about that. >> of gas. i want to be somebody that provides the low cost energy producer. that's how you'll bring jobs back. you don't bring jobs back by legislation. you bring jobs back by making it the place to be. >> the president did mention this in the state of the union, more natural gas to keep electricity prices low. >> come on. he also talked about heck coalte costs lower. obama care isn't in yet. that's all recession related. that's nothing to do with obama care doing that. let's talk about regulators. i get the energy policy, if we open up and go. we replace chu, live, a jackson, these are people when you replace them, watch those appointments. >> it will be worse. >> pray to god you're wrong. i
CNBC
Feb 11, 2013 4:00pm EST
energy, what's your reaction to sna? >> we had four trillion deficits in a row. he just got a lot of revenue. he's going to get a lot of spending cuts. we ought to get serious now and redistribute those in a more rational way. but talking about, you know, aggressive new spending right now is not likely to get a favorable hearing in congress. the votes aren't there for it. and they shouldn't be until we have serious deficit reduction and until the president will talk about where the real problem is. that's entitlements. we're willing to do that. he hasn't been. >> what if we don't fix entitlements? what if there's no plan? what's the downside risk? >> well, tremendous downside risk. remember, the sequester is just one thing. you have the continuing resolution coming up which is all government spending. some time after that between mid-may and the first of august, you've got the debt ceiling. i think those things are going to involve some serious discussion about long-term entitlement spending. we're at the table. we've passed the ryan budget twice. we'll pass another very aggressiv
CNBC
Feb 12, 2013 4:00pm EST
's also, we expect, going to talk about infrastructure, manufacturing, energy and education and making investments that is spending in all of those. we'll hear some of his ideas on the sequester and the debt crunch facing the united states and also, of course, those social issues that are going to be so important. guns and immigration. they are going to draw a lot of attention in this speech tonight and one thing to look for here, maria, apple ceo tim cook is expected to be sitting in the first lady's box tonight as a guest of the first family and one undercation we may hear of insourcing of jobs which is something apple has received notice for recently and trying to bring some of the manufacturing jobs back from overseas to the united states, maria. >> all right. thank you so much. as we contemplate what the president may or may not include in the speech tonight we want to know what wall street wants to hear that could send stocks to an all-time high this week or lower. joining us now to break that down, cnbc contributor rich bernstein and anthony chan of chase wealth management. good
CNBC
Feb 12, 2013 5:00pm EST
energy stocks continuing its run, as well. so, we saw solar stocks across the board going higher today. we should note, cnbc will have full coverage of the state of the union address tonight at 9:00 p.m. eastern time. let's get more on what we can expect here. the senior analyst at guggenheim partners -- i love -- chris krueger, the graphic was just -- >> chris, if you didn't get a chance to e so it, that was exciting stuff. >> no problem. >> chris, in terms of what the president will lay out, will jobs and the economy be number one in your view? >> absolutely. i mean, this is -- what we're going to see tonight is basically the sequel to the inaugural that we saw three weeks ago with a real focus on middle class job growth and job creation with sort of climate change, immigration reform, gun control and the sequester sort of taking a secondary role. >> and in terms of how he -- his tone will be received, he received a lot of criticism during his inaugural address for being too strident, for almost being arrogant in how he addressed the country and how he laid out his agenda. do you thi
CNBC
Feb 13, 2013 12:00am EST
thing, where you spend your time and energy not thinking about algebra or geometry but about how not to get beat up or not to get shot or not to get raped, when you grow up like that, you don't have the same opportunity as other children growing up. and we're trying to change those odds. >> he's trying to change those odds on a scale never before attempted. his goal: to break the cycle of poverty in an entire neighborhood by making sure all the kids who live there go to college. you really believe that's possible, to break that cycle? >> i absolutely know we're gonna do it. >> canada remembers well what it was like to be a kid in the inner city. >> we couldn't afford... >> he grew up not far from harlem in another tough new york neighborhood, the south bronx. abandoned by his father, he and his three brothers were raised by their mother, who was barely able to get by. >> when i first found out that superman wasn't real, i was about maybe eight. and i was talking to my mother about it. and she was like, "no, no, no. there's no superman." and i started crying. the chaos, the violen
CNBC
Feb 13, 2013 12:00pm EST
growth in a lot of his energy and he owns growth in -- >> dr. j. you're dying owns -- >> dr. j, you're dying to get in, i can see. >> i don't disagree. i think he is frustrated as many of his peers are about that capital allocation and i think the stock performance was the number one thing that took him out, michelle, and we can ask him next time he is on. but maybe number two or maybe even number one was that capital allocation. the fact that they didn't address any of it when the tax structure was lower last year and the fact that they have basically put up a big red light as far as listening to einhorn or anybody else with what they should do with their capital. i think the board is deaf here and i think that -- >> let me talk to the man in my head. do we know if this is in response to what tim cook did or didn't do? nothing on timing yet. >> okay, the euro that's been on a tear to start off the year is largely flat. currency traders await the upcoming meeting. let's get to the trade with andy bush of the bush update. andy, good to see you, wow. you need a little bit after rest,
CNBC
Feb 14, 2013 4:00pm EST
.industrials, too, energy, too. we want to see that kind of activity. >> buy japan. we talk about it week after week. buy japan on a heblged basis if you can find it that way. look at the jobs number. the fed, the new fed is the employment report, and the ability to most markets. if you get 190 or 200,000 on march 1st, two weeks from tomorrow, that's the february jobs number, you're going to see the market lift. you want to see profits, production. you want to see personal income, and you want to see politics. that's one thing that could stall the market if you've got a fiscal sequestration. >> why are you so hot on japan? i know japan has rallied so much? why do you think it's going to continue? >> mr. shirakawa will leave room for mr. abe to put in a person that will gradually weaken the yen and stimulate the economy and get it the into inflation of a 2% target. we like the japanese exporters. they don't want to get the other countries upset with them. >> right. >> and come after them for a better thy neighbor's policy. our view is the yen which is 93 now can go to 100. these stocks have another 2
CNBC
Feb 15, 2013 12:00pm EST
to results. health care and energy, but not much value in consumer staples. not much value in the high flying consumer discretionary names. you have to be much more careful. >> the doctor is virtual today but doc give us some ideas. >> i think pete nailed it as far as the fact that a lot of folks when they do lighten up on their equity holding, scott, they still want that exposure. they are getting it in options. whether it was the folks that bought a lot of equity, puts which i said last week people misread that. they didn't know they bought puts and bought that contract as well. that's a synthetic call. that's the same kind of trade you saw in heintz this week. in other words, people are reaching out there and they are trading these derivatives more actively. the premiums are cheaper. that gives them more bang for the buck. >> well the battle over apple is heating up as some of wall street's biggest players take sides. new filings show the likes of david einhorn and david tepper increasing their stakes while dna loeb and leon cooperman dumped it. who should you be following? >> you got a po
CNBC
Feb 15, 2013 6:00pm EST
one can be an energy company only one an industrial and only one can be a food and beverage maker. what if you're not sure? always err on the side of caution. if two stocks trade together if the underlying companies succeed or fail based on the same factors, then you're not diversified. an oil drirl and oil producer, we often get those on wednesday, people think they're different. they're both part of the same sector. software and hardware, they're both techs, like it or not. i'm not doing this to be arbitrary or capricious or make it more difficultar now to pick stocks. these aren't vaguing technicalities. when you get too concentrated in one area the moment something bad happens one to of those big stocks you're going to want to throw yourself off a bridge because the losses will be enormo enormo enormous. imagine if you owned too many industrials when the global economy started slowing down because of europe and fast growing economies like china slammed on the brakes with higher interest rates. you got obliterated. how about in if you owned too many banks right before the finan
CNBC
Feb 17, 2013 8:00pm EST
my sex drive... but when i started losing energy and became moody... that's when i had an honest conversation with my doctor. we discussed all the symptoms... then he gave me some blood tests. showed it was low t. that's it. it was a number -- not just me. [ male announcer ] today, men with low t have androgel 1.62% (testosterone gel). the #1 prescribed topical testosterone replacement therapy, increases testosterone when used daily. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or signs in a woman, which may include changes in body hair or a large increase in acne, possibly due to accidental exposure. men with breast cancer or who have or might have prostate cancer, and women who are or may become pregnant or are breastfeeding, should not use androgel. serious side effects include worsening of an enlarged prostate, possible increased risk of prostate cancer, lower sperm count, swelling of ankles, feet, or body, enlarged or painful breasts, problems breathing durin
CNBC
Feb 15, 2013 4:00am EST
of the energy market. he wants a focus on longer term growth goals and that's what the oecd is looking at, as well. they're going to release a 292-page document looking at company specific reforms and structural issues that need to be looked at going forward. >> i don't think we should be losing any time in talking about the currency wars. we are furthest away today from a currency war than we were two or three years ago. today, our -- in the oecd, our research shows that we're pretty close to balance with most of the -- with the biggest currency, the most important currencies. so we don't see why we should be talking about currency wars. this currency war is no longer operational. we're using jargon from the past. we're fighting an old war. today, we should be concentrating on productivity. we should be cobs traiting on competitiveness and we are being distracted by this currency discussion. >> we're not talking about decades. the 2010 are talking about brazilian wars. >> it was three years ago already. it's decades. it's centuries ago. we're in the middle of this crisis. >> and three ye
CNBC
Feb 14, 2013 9:00am EST
out from the energy department. inventories down 157 billion cubic feet. that is a little bit more bearish than expected. the expectations for a number of 162. traders telling me to put that in perspective. looked at the number this week last year, 113. of course we had a mild winter last year. the average for the last five years is around 154. so we're in those seasonal ranges. with winter storm nemo, there's so talk we would see more of a draw because there was more heating supply necessary because of the storm but not necessarily looking like that was the case. right now checking out this number in terms of the price action, we did see a steep drop on this number coming out. as i said, it was bearish, the price of nat gas continuing to go lower. back to you. >> jackie deangelis will coming up next, the carnival "triumph" making landfall in alabama. live from the gulf coast right after this. plus much more how the megamerger between usair and american airlines could reshape the business in the sky. back in 2:00. at farmers, we make you smarter about insurance. because what you do
CNBC
Feb 15, 2013 6:00am EST
, i figured low testosterone would decrease my sex drive... but when i started losing energy and became moody... that's when i had an honest conversation with my doctor. we discussed all the symptoms... then he gave me some blood tests. showed it was low t. that's it. it was a number -- not just me. [ male announcer ] today, men with low t have androgel 1.62% (testosterone gel). the #1 prescribed topical testosterone replacement therapy, increases testosterone when used daily. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or signs in a woman, which may include changes in body hair or a large increase in acne, possibly due to accidental exposure. men with breast cancer or who have or might have prostate cancer, and women who are or may become pregnant or are breastfeeding, should not use androgel. serious side effects include worsening of an enlarged prostate, possible increased risk of prostate cancer, lower sperm count, swelling of ankles, feet, or body, enlar
CNBC
Feb 15, 2013 9:00am EST
would decrease my sex drive... but when i started losing energy and became moody... that's when i had an honest conversation with my doctor. we discussed all the symptoms... then he gave me some blood tests. showed it was low t. that's it. it was a number -- not just me. [ male announcer ] today, men with low t have androgel 1.62% (testosterone gel). the #1 prescribed topical testosterone replacement therapy, increases testosterone when used daily. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or signs in a woman, which may include changes in body hair or a large increase in acne, possibly due to accidental exposure. men with breast cancer or who have or might have prostate cancer, and women who are or may become pregnant or are breastfeeding, should not use androgel. serious side effects include worsening of an enlarged prostate, possible increased risk of prostate cancer, lower sperm count, swelling of ankles, feet, or body, enlarged or painful breasts, problems breat
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